S&T Bancorp (S&T Bancorp) Intangible Assets : $377.5 Mil (As of Dec. 2023)

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What is S&T Bancorp Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. S&T Bancorp's intangible assets for the quarter that ended in Dec. 2023 was $377.5 Mil.

S&T Bancorp Intangible Assets Historical Data

The historical data trend for S&T Bancorp's Intangible Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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S&T Bancorp Intangible Assets Chart

S&T Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Intangible Assets

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382.54

382.10

380.32

378.80

377.48

S&T Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Intangible Assets	Get a 7-Day Free Trial															378.46	378.13	377.80	377.48	373.42

S&T Bancorp Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.

S&T Bancorp (NAS:STBA) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.

Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.

S&T Bancorp Intangible Assets Related Terms

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S&T Bancorp (S&T Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » S&T Bancorp Inc (NAS:STBA) » Definitions » Intangible Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 Philadelphia Street, Indiana, PA, USA, 15701

Website

https://www.stbancorp.com

S&T Bancorp Inc is a bank holding company. The company operates in five markets including Western Pennsylvania, Eastern Pennsylvania, Northeast Ohio, Central Ohio and Upstate New York. It has one reporting unit, Community Banking. The company provides financial services with retail and commercial banking products, cash management services, trust and brokerage services. The company earns revenue from interest on loans and securities and fees charged for financial services provided to its customers.

Executives

Adkins Lewis W Jr	director	800 PHILADELPHIA STREET, INDIANA PA 15701
Jeffrey D Grube	director	C/O S&T BANK ACCOUNTING DEPT, P O BOX 190, INDIANA PA 15701
Rachel Lynn Smydo	officer: Executive Vice President	800 PHILADELPHIA STREET, INDIANA PA 15701
James Arvo Michie	officer: Executive Vice President	800 PHILADELPHIA STREET, INDIANA PA 15701
William J Hieb	director	800 PHILADELPHIA STREET, INDIANA PA 15701
Susan A Nicholson	officer: Executive Vice President	800 PHILADELPHIA STREET, INDIANA PA 15701
Christopher J. Mccomish	director, officer: Chief Executive Officer	800 PHILADELPHIA STREET, INDIANA PA 15701
Peter Richard Barsz	director	800 PHILADELPHIA STREET, INDIANA PA 15701
James Thomas Gibson	director	C/O S&T BANK ACCOUNTING DEPT, 800 PHILADELPHIA ST, INDIANA PA 15701
Christina Anne Cassotis	director	800 PHILADELPHIA STREET, INDIANA PA 15701
Christine J Olson	director	C/O S&T BANK ACCOUNTING DEPT, 800 PHILADELPHIA ST, INDIANA PA 15701
David G Antolik	officer: EXECUTIVE VICE PRESIDENT	C/O S&T BANK ACCOUNTING DEPT, 800 PHILADELPHIA ST, INDIANA PA 15701
Jerry Delmar Hostetter	director	C/O S&T BANK ACCOUNTING DEPT, 800 PHILADELPHIA STREET, INDIANA PA 15701
Carroll Charles Benner Jr	officer: Executive Vice President	1500 NITTERHOUSE DRIVE, CHAMBERSBURG PA 17201
Brian Richard Dobis	officer: Executive Vice President	800 PHILADELPHIA STREET, INDIANA PA 15701